Overview of Injective
- Injective as a Top Coin: The speaker shares their long-standing support for Injective, noting its significant price increase from $1.20 in January 2023 to around $30 in December 2023.
- Importance of Decentralized Finance: Emphasizes the necessity of engaging with DeFi, comparing it to using a smartphone solely for calls without utilizing apps or internet. For a deeper understanding of the DeFi landscape, check out our summary on Understanding Decentralized Finance (DeFi): A Comprehensive Guide to Earning Opportunities.
Key Features of Injective
- Low Gas Fees: Injective boasts some of the lowest gas fees in the market, often less than 1 cent, making it more cost-effective than Ethereum and other blockchains.
- Fast Transaction Times: Transactions on Injective can be completed in 1-2 seconds, even during peak demand, which is a significant advantage over other blockchains.
- Reliability and Decentralization: Injective is highlighted as one of the most reliable and decentralized ecosystems, with minimal downtime compared to other blockchains.
History and Development
- Launch and Incubation: Injective was launched in December 2020, incubated by Binance Labs, and initially launched as an ERC20 token.
- Growth of the Ecosystem: The speaker notes the rapid development of DApps on Injective, with over 20 DApps and 30 NFT projects emerging recently. For insights into liquidity options, refer to our Comprehensive Guide to Liquidity Mining on Binance Smart Chain.
Getting Started with Injective
- Creating a Wallet: Instructions on setting up a Kepler wallet, which is recommended for accessing the Injective ecosystem.
- Funding Your Wallet: Options for funding include purchasing Injective on centralized exchanges and withdrawing to the Kepler wallet or using the Cosmos blockchain.
- Staking and Earning: Users can stake their Injective tokens for passive income, with potential returns of 16%. To learn more about earning through staking, check out our summary on Maximizing Passive Income in Cryptocurrency: A Comprehensive Guide.
Conclusion
- Future Prospects: The speaker expresses optimism about Injective's future, including potential price targets and ongoing developments in the ecosystem. They encourage viewers to explore the Injective blockchain and participate in its growing DeFi landscape. For a broader perspective on DeFi concepts, see our summary on Understanding Decentralized Finance: Key Concepts and Ethereum's Role.
hello everyone uh so today we're going to be talking about injective as a blockchain now injective as a coin inj
uh has been one of my top 10 coins for a while and in even in January 2023 when I made my portfolio for the year or my top
coins for the year injector was roughly around $120 at that time and December 2023 12 months later it's crossed $30
now you know it peaked at $34 and it's roughly around $30 when I'm making this video so it's already done a 308 as a
token itself right but that's not the reason why we are making today's video so if you've been watching my videos
from episode 24 I've been focusing about getting into decentralized Finance today's video is how you can use
injective uh from a decentralized finance perspective get into the blockchain and start using some of the
decentralized applications now to give you some perspective if you have not watched episode 24 of my recent D5
videos if you are in crypto and you're not using D5 that's kind of equal into know having an iPhone or having an
Android phone like Samsung phone and in today's world you're just using the phone for making a call and you don't
even have data enabled or Internet enabled or you have no apps on your smartphone so imagine that how much
you'll be missing out um if you do that right so that's equivalent to uh what you are what you are doing in crypto if
you're only trading crypto on on exchanges like you know werx or binance or any other uh uh centralized exchange
for that matter and you're not using decentralized Finance that's kind of an equivalent to say that how much you're
missing out you're almost missing out on 90 95% of the benefits of blockchain if you're not getting into the blockchain
itself right so so let's uh talk about some of the things we'll focus on is like if you're using injective how early
it is and and how you can get some of the free a drops or you can line up for some of the free a drops right and more
incentives on it so as usual disclaimer and warning I'm not a financial adviser I'm not an investment expert all of my
videos are based on my learning and I'm just sharing whatever I have learned and the process that I've learned uh from my
personal experience so please make your own decisions based on your own research and again a warning that I give because
you people are always approached in crypto that you I'm a professional broker or investment advisor send me
your crypto or send me your money I will manage it for you so all of these people are frauds people will approach you even
in my name for that matter do not ever send your money to anyone else to get your Investments done you invest your
own money so I'm active in Twitter at the rate CH to London so uh I don't I haven't made an an English episode for
almost 2 months but I do Post in English in my Twitter handle and um that's something that's where I post you know
more updated um information very very regularly so if you're following my Twitter handle you probably get most of
the information that I'm going to talk about in this video but I wanted to make it in terms of one video and consolidate
every uh information that I've been sharing and also make a small demo video uh in English so what is injective uh
injective is basically an L1 blockchain uh L1 blockchain with in this website if you go into uh injector it says a
blockchain built for finance and why is it a blockchain built for finance because we've got you know
some of the other uh blockchains like you know ethereum like BNB chain like there have been so many other
blockchains before injector so why is injective uh build for blockchain now there are various reasons um but if I
have to pick you know three four top reasons why injector is actually fitting to the tagline saying blockchain built
for finance it's got one of the lowest gas fees so for example people who have already started using decentralized
Finance when you make one transaction for every transaction there is something called as a a gas fees now in ethereum
um at times where you know if there's congestion you can end up paying for one simple transaction even if you're doing
a $10 transaction you could end up paying $50 in terms of fees gas Fe fees and it's very very slow it could take
about you know 10 15 minutes sometimes to execute a transaction even when there is no congestion it'll take like you
know 2 or 3 minutes to execute a transaction so arbit bnm B&B Kronos they've all tried to make it cheaper and
faster but if you look at it on average they're still costing about you know 5 cents to 10 cents uh when there is high
congestion and it is still taking about five or 6 seconds fastest between all of these blockchains put together and
during conest even those blockchains could take more than 10 seconds but that's where injector comes in even at
the peak um times you know the gas Fe is like less than 1 cent it's about5 which is in Indian terms like
know less than 1 rupee practically it's about 20 or 30 Pisa and it's got the fastest transaction times in terms of
blockchains you know it's like sometimes it it finishes in like 1 second and maximum it takes is about 1 to 2 seconds
in terms of blockchain times um even when when nft sales happen that's exact that's the point where most blockchains
get choked even when nfts are being released when there is a huge demand when lot of people almost like 5,000
6,000 people are trying to um you know get one nft in like literally 5 10 seconds even those times the transaction
times are like literally about one or two seconds and is one of the most reliable blockchains you know
consistently almost every blockchain has gone down has had severe performance issues injectors got probably the the
least number of times where it has got impact in one of the most uh reliable blockchains I should say and it's also
one of the most decentralized ecosystem if you take an exchange if you take a um uh blockchain like Tron for example it's
actually uh some of these things some of these characters can be applied to to Tron but then it's it's more centralized
and anytime your your data can be controlled by a few entities so it's not a truly decentralized ecosystem that's
why injective is a truly decentralized ecosystem now let's talk about the history of injective right so uh
injective um launched in December 2020 was it was a project that was incubated by binance lab binance Lab at the time
were like you know um was giving like a uh funding for for projects that wanted to develop and uh injector was one of
the projects that got incubated by binance labs and the token actually launched in ethereum so even though the
the injector was a layer to blockchain at that point of time uh the token launched in ethereum the
original injected token was actually an erc20 token and it was about $2 or $3 and it was still in testnet stages in in
2021 so I had tweeted about the the testnet L2 chains and at that time there were not many D apps on injective and
there was probably uh the only staking was called as Equinox stocking and it was too technical for anyone to actually
get into uh injective at that point uh even if someone had experience in blockchain in decentralized finance was
too technical for them to access the whole blockchain or the or the ecosystem at that point even though it was trying
to be faster and cheaper and all that was it was actually very complex to get to that Equinox taking um or even to
that L2 chain for that pattern so um I had actually tweeted in December 2020 when the token came out
immediately after the token came out I had uh tweeted about it saying that you know the the idea the concept of what
they trying to do they're basically trying to tokenize real world assets this is rwa is one of the big things now
but injective are probably one of the very early tokens of the ecosystems that talked about tokenizing real world
assets and making it possible making it accessible worldwide like you know Tesla shares or Google Shares to be bought in
India right a tokenized version of the assets so I had tweeted about it in December 2020 where it was about $2 or
$3 and it had gone down gone up to about you know $16 um in uh in March and then it had come down to about $1 so it had
done about 5 6X 5x 6X uh in in a span of about three month three or 4 months even in 20221 that run it had a good uh
profit margin it had gone from $32 $3 to about you know $16 plus at that point of time so um and it touched uh about uh
you know roughly about uh uh April 2021 it went to its alltime high at that point in time it's about $24 roughly
about from the time that uh you December 2020 that it launched it touched about roughly about 8 or 9x almost it could
say if you had bought it at $2 it did a two it did a 10x even uh during those 4 months during the 2020 21 uh Bull Run
basically but um what happened after that was like typically like all other tokens which had dropped and value uh
injective also dropped and like I said in beginning of 2023 it was roughly about $1 right so this is where um 3
weeks back I make the made the Thum version of this video episode 63 and at that time um the injective price was
about $15 roughly $5 $16 roughly so you can see that after reaching about $24 it had died down to about $1 in the
beginning of January and it started peing um in in November or in you early December when I made this video it was
still about $15 at that point of time when I made the thumnail version of this video this is roughly about 3 weeks back
but now what has happened is you know there's there's a lot of development that happened in the last 3 weeks
interestingly and uh I after I had posted this video injective had a great run and it almost doubled in value so
from $15 about 3 weeks back it had reached about $30 and it uh today when I'm making this video it touched about
$34 uh which is the all-time high for this token at this point of time for coming down to $30 still from the point
that we started talking about it in in uh in January when I made the video saying that it's still one of my top 10
videos and it's probably one of the tokens for the bullrun it had done almost a 30X at this point of time right
so as a token it is still great value and and in uh my episode in August episode where I talked about it from a
Target perspective I'm kind of hoping that it'll cross about uh $75 that's just a speculation pure
speculation that's kind of uh a Target in mind where I'll start taking more profits I have started realizing some
profits but I'll start taking more profits that's the kind of Target that I have in my mind in a peak bu it could
even go higher given that it has already reached the point here uh but again a lot of it is down to what happened in
the the last 3 weeks and that's basically uh the nft launch and protocol Talis and that's a separate story so if
you're following my Twitter account I have already posted in detail about it but this content I had already prepared
the content and I'll stick to it from a blockchain perspective how to get to injective and uh uh further with regards
to the protocol Talis and the nft market and everything will probably be my next content after
this so now um let's look at the the injective ecosystem and relation to the price and uh you know the the D app uh
that that thrived or that has started coming into the injective blockchain right so till about uh even you know
about four or 5 months back injective as a blockchain had only one decentralized application Helix app um even though
there were like you know few different applications like querty and astroo and everything you could argue that you know
Helix app was probably the one major proper D app that injective had and it was natively developed by injective laps
wasn't something that was developed by a third party in a true blockchain third party developers will come and develop
their own apps like an like an app store like an you know Google Play Google Store Play Store or uh an iPhone uh
Apple play Apple Store right where third party third parties will actually come and develop apps and that's when you
know the the apps will have like you know lot of games and lot of uh you know interesting applications will get
developed similar to that in blockchain also D apps are developed by individual developers who can come and develop it
and run it on the blockchain and in 2021 the tokens that did really well and the ecosystems that contributed
to the bullrun was you know uh platforms like BMB chain ethereum which had hard which all had built their success based
on the D apps and the developers who helped build those D apps using GRS and accelerators right so what uh injective
did is that it had de it had attracted de a lot of developers into their platform into their ecosystem in the
recent months and in the peak of the um in the bar market and when the when the prices were
literally at the at the bottom during the peak uh buy Market a lot of developers started developing and
started creating D apps in the test net and all of those development effort is what is actually creating the value for
injective at this point of time and that's one of the reasons when we had visibility into all the development that
is happening we knew the products that were coming that was one of the reasons why injector was one of the top picks
for for the buun right or for the um top 10 ecosystem or top 10 portfolio basically so um they have actually had
lot of hackathons lot of know developer engagements and they' they've attracted good talent who are building some great
uh decentralized applications we'll see it in a minute and it had only one proper wallet and only uh there was a
wallet called Kepler wallet which supported Cosmos ecosystem an injector being a cosmos L1 chain it had only one
proper wallet but now there are a lot of other uh wallets and lot of other dein applications how has it grown by right
so just to give you a visual representation beginning of 2023 it had like one crypto wallet support and one
property and cl exchange zero nfts zero nft marketplaces and that's when injective
started investing in developers investing in developer ecosystems and today there are about you know 17 plus
uh wallets that support injective uh including metamask you know including uh mobile wallets that have exclusively
launched for injective and there are about 20 plus decentralized applications with exclusive decentralized Finance
features right and there are still about a dozen I mean when I made this video 3 weeks back there were about dozen uh
test net apps now there are probably about 50 plus um testnet apps and more and more developers are joining on a
daily basis and all of these decentralized applications which are in testnet have an add drop possibility
which means that when they launch they will actually add drop a token for you and there are about 30 plus nft projects
in five different nft marketplaces and that is significant because nfts will drive crazy volumes and that's what we
have seen in the last 3 weeks you know one of the nft um marketplaces called protocol to is launched a token and the
draw significant volume across the entire blockchain so this is what the the landscap looks like today you know
if I had put this kind of a map in in 2023 beginning of 2023 you would have seen maybe like three or four icons in
the entire screen but I can now fill the entire screen with um you know icons and icons and you can see how much it is
developing and this is still at a very very early stage and again this is this is another view for it where you know
we're talking about the previous View we talked about the decentralized applications here we talking about
validators who are coming in more block blockchains that are getting integrated which means that how tightly it is
getting integrated to the other blockchains and how much it is getting decentralized so two separate views just
to give you some perspective how much it is growing and the fact that it is still in a very early stage at this point of
Time how do you get to the ecosystem so we're going to do a proper demo of it but before that just to give you some
some brief idea so one of the um the oldest wallets that supports like metamask supports uh BNB chain and and
and ethereum and so on one of the oldest wallets supports injective is something called as a KLA wallet it's built for
the cosmos ecosystem it's probably best that if you start using injective using Kepler because it was built for
injective or built for Cosmos and then you can start using metamask or something similar to that so how do you
get funds into uh your Capal wallet once you've created your Capal wallet your injector balance is going to be zero and
S similar to you know your ethereum blockchain or your B&B blockchain where you need to get ethereum or B&B into
that wallet as the first step how do you get funds into the uh injective wallet after you've created it the simplest way
to do it is to go to something like binance or crypto.com or gate.io and uh you can actually buy
injective on any of the centralized exchanges and you can withdraw it on the injective blockchain to your Capal
wallet and this is the cheaper so and fastest as well you know the whole transaction from your binance to
your Capal wallet will complete in about 30 seconds Advantage is that you you will get native injective and you can
use it for gas fees and it's so cheap it's about less than 20 cents um so it's very convenient to use one of these
decentral one of these centralized exchanges which support withdrawal on injector so for example VX do not
support withdrawal and injector I don't think there is any Indian uh centralized exchange that supports withdrawal of uh
injective on the injective blockchain they can support injective withdrawal on ethereum or something else but they need
to support withdrawal of injective on the injective blockchain for that matter so only certain exchanges supported I'm
just giving you some of the names but if you have uh centralized SE that you're already using go check on injective in
the demo that I'm going to show you on the withdraw button of injective whether it is supporting uh withdrawal on the
injective blockchain now if you don't um use this method there's one more method like for example if you use something
like mexe Global mexe is a great um decent centralized exchange but uh unfortunately mexe does not support
withdrawal of injective on the injective blockchain even though it allows trading of injective does not support the the
withdrawal of injective on the injective blockchain yet so the alternative is that you can withdraw atom on the cosmos
blockchain atom is a Cosmos is one of the central tokens of the cosmos blockchain you can withdraw at your KLA
wallet atom will come in and sit in the cosmos blockchain of your Capal wallet and then you can do an injective Bridge
from the cosmos um blockchain within your kepa wallet you can transfer it from the uh Cosmos blockchain to the
injective blockchain using uh injective Bridge which is native to injector now again this is still cheaper still less
than $1 and still faster less than 30 seconds the only disadvantage is it's because you need to uh you don't have
injective on your injective blockchain to perform even one transaction sending um the the atom from Cosmos to your uh
injective blockchain that's still considered one transaction and you need injective for gas fees you can get that
gas fees you just need about you know one or two cents less than two cents value about you know 5 rupees or less
than 5 rupees that you need for uh the first transaction so you can actually get it um using something called as a
faucet you can go and click on the faucet and you can actually get free gas fees or free injective from the faucet
so they'll give you like 2 cents or one cents worth of injective which you can use for your first transaction on your
first transaction should be to convert whatever token you bring atom token for example to injector so that you have at
least know one1 or2 in reserve for your future transactions so
um why do you need to access the ecosystem just a uh a few points to summarize before we go into the
ecosystem itself once you go into injective um blockchain once you take your funds into injective blockchain if
you bought injective and you've kept it in a centralized exchange all this while right it's sitting idle it's not making
any money for you but imagine you um had th000 tokens in the beginning of this year and you got it for $1,200 roughly
right because $1.2 and if you're taken it into the injective blockchain you can immediately
stake it in proof of stake uh in injective Hub and you can get 16% uh interest for your staking so that's
about 160 injective tokens that you would have got for free just by staking now the60 tokens at the point when I
made this video was roughly about $2,400 but in in today's terms because it's about $30 per injected token it's
about $4,800 $4,800 as just staking interest for the
tokens that you bought for $1,200 so you would have made nearly 4X the value but just the interest on your tokens without
selling a single token if you had taken your injective into the injective ecosystem in the beginning of January
and just put it into staking um you can get a lot of passive income from D apps so D apps like black
panther Helix they have uh decentralized Concepts that other blockchains do not have or I have not seen so far like auto
trading Bots like if you've seen my episode 15 I've taught you about how you can buy and sell as a day trading
process it can do day trading for you while you sleep literally you don't need to watch it it can automatically do day
trading for you and grid trading BS and um you can just set it with parameters and you can start earning passive income
for you straight away um free add drop so I posted a uh a lot of information about the pyth token add drop for
example so if you have been using injective ecosystem there are lot of add drops that are lining up py has already
uh done the add drop but there are future add drops that are happening for black token for Talis token for Q and
there so many tokens that are getting add dropped like I said these are tokens that will get add dropped because you
know the the ecosystem development team wants to basically introduce a new token uh as part of their launch of the uh
application and they want it uh to be spread across with multiple people so that it's got a good liquidity from day
one right so that's one of the reasons why um these these uh projects do an add drop and cheaper gas fees like I said if
you're trading if if you're already doing decentralized exchange on ethereum or something else even um if you're not
on ethereum if you're on a faster chain like arbitrum or or something you know you could be spending about you know 20
to 30 cents on one transaction uh even on the faster uh chains but that means that if you do at least even 10
transactions that's about $3 on average per day and then if you um do it for the entire month you're spending about $100
in gas fees now you could pretty much wipe it away because the entire month's gas fees will probably be taking you $1
or lesser so you could save hundreds of dollars in in gas fees by moving your uh trading into injective because of the
gas fees so now we'll see a small demo so you go to k. app on your Google Chrome or your any browser and then then
you can download a browser extension so I'm doing it on uh Chrome browser so it's a browser extension so like
metamask similar to metamask if you've used it you will know exactly how it feels so you click on create new wallet
if you don't have one and you click on uh create new recovery phase now uh what this is doing is this is basically
giving you a 12w phrase to remember that's like your secret recovery phase that if you lose access to this this
device this computer this mobile then if you have this 12w phrase then you can get access to it from any computer or
any device note it down in a piece of paper and keep it very very safe and you can then create a passwort just for this
device but you need the 12w phrase to recover your wallet if you are losing access to this device by default uh it
will ask you to select some chains Cosmos will be the chain that will be selected scroll on and make sure that
you are selecting injective as one of the chains you can do that later also but while setting it up it's a lot
easier easier if you just select the chains now I'm selecting a few other chains just for sample just to show you
but injective is the main um chain that we're going to select now so click on Save and then click on finish now your
account has been created so now uh there is an option there's a button there called Kepler dashboard or uh you know
inject or Cosmos dashboard so if you click on that this is basically a a common dashboard you can bookmark this
and keep it because this is going to be one of the uh dashboards that you will access for the Global Kepler wallet
itself and here you can see if you expand on the chains you can see all the other chains as well so we going to
click on injective here and on injective there is a button called website so if you click on that it should take you to
the injective decom website and here you will have some information but if you scroll to the bottom you will see
something called as uh you know injective Hub or you can see you know the other apps future D apps for example
so it will also give you some the information that I'm talking about how to create a wallet and all that it'll
also give you that information but there'll be a thing called step three click on that and it'll take you to hub.
injective network you can also directly put it in your browser and go to injective HUB now this is going to be
your uh kind of a uh one place where you're going to access all your um injective assets so um click on connect
and you can connect your Kepler wallet that you have just installed so your KLA wallet is like your blockchain address
and you're connecting it to this hub. inc. Network and you're establishing a bridge between your wallet and this
website now this wallet um the the details of this this injective Hub will start reflecting the content or the
assets inside your wallet now here uh you know if you go to the faucets page you can see that there are three faucets
where you can click on the uh receive injective tokens and you can get free tokens we we'll talk about it later now
as a sample I'm I'm going to go to uh binance for example like I told you the simplest and quickest way to buy it so
if I buy about you know $1 worth of uh injector for example I get some injective tokens and you go to your um
wallet and in centralized exchange click on withdraw against injector when you click on withdraw against injector on
supported wallets which support the uh injector blockchain in the network option along with ethereum or along with
BSC you can also see injective or inj as the block chain and you can see the fees is about you know
$16.16 and and time it says is like less than 30 seconds now you go to the injective hub and you can copy the
address from the right top corner and you paste the address and you can uh withdraw it and within 30 seconds it'll
get withdrawn or within 30 seconds or 1 minute depending upon market conditions it'll get withdrawn and you can see it
in the injective hub you can see the value now here I'm going to show you the second example where if I go go to mexe
I cannot see the injective as an option so even though injective is an available asset I can't withdraw it so what I'm
going to do is that I'm going to actually uh this is a faucet so you go to faucet um st. is one of the faucets
It'll ask you to uh tweet something to say that I'm requesting uh injective funds It'll ask you to do like two or
three steps so you you you can either create a dummy Twitter account or you can tweet it from the main Twitter
account saying that I'm requesting funds for the foret purposes you submit the copy the uh
tweet URL submit it here in std. and then it once it detects the tweet it just wants to make sure that you know
you are a real human and that's one of the steps that you're doing it so if you didn't have any injective funds then it
would have transferred 01 injective into your wallet now I'm going to show you the Second Step where assume that you've
transferred 01 you come to mexe and you buy some atom token and you click on withdraw against the atom token when you
click on withdraw against the atom token you can see that there is a atom uh address that it is asking for Cosmos
address that it is asking for so you can go to the the cosmos Hub on the uh kepa Wallet app wallet. ke. apppp um you can
click on the cosmos Hub and there you can see that there is a cosmos wallet address or Cosmo Hub address that's your
atom token address address now go to mex.com again or mexe or any uh atom supported token paste your um atom
address here and you can withdraw atom tokens to your um Cosmos Hub so now you brought it into your kepal wallet now
you need to bridge from the atom blockchain Cosmos Hub into the injective blockchain so you can click on that
bridge option and you can transfer like you see the transfer fees the bridging Fe is also only about 6 cents so you can
transfer from your Cosmos Hub that you are able to um Bridge from your Cosmos sub to your injective wallet now so to
summarize you have two options you can withdraw uh using the injective option if your centralized supports it or you
can withdraw using a cosmos option like atom bring it into Cosmos and then Bridge from Cosmos into your uh injector
wallet using an internal Bridge option now there is also one more option um basically if you go to injector.com and
get inj there's another option called uh buying using um transac or on ramp options where if you're in UK for
example you can do an instant transfer um or if you are in India also there are options available where you can buy with
your uh with your debit card credit card or your bank account I have not explored this personally but on the injector but
I have bought it in some of the other blockchain so there is also another option to explore so you can comment if
you able to buy it better with one of those options rather than transferring from a centralized exchange now I'm
going to go to Helix app.com and I'm going to show you how the transfer works or how the swap works now we're going to
perform a trade on the Helix app so you connect to your kepa wallet and if you come to trade and if you click on Swap
so you remember we bought some uh atom tokens uh into the into the blockchain now you can see those atom tokens here
now assume that if you have done a foret you'll have only 0.01 and you'll have to convert your
atom to in using this method so you um select from atom and you convert it to in and you click on approve so it you as
you can see it requires only 009 inj which is like less than 1 cent for the swap fees and the transaction
will get executed in about less than couple of seconds like 1 to 2 seconds it will get executed now how do you stake
to natively stake into the thing you just need to go to the staking section select one of the validators now how do
you select a validator um based on two parameters you need to look at which validator has got the lowest commission
which means that they are taking 5% cut from your uh interest or from your staking rewards they so whoever got the
lowest percentage so most uh blockchain validators have got 5% as the lowest option and selecting Black Panther the
reason is Black Panther have already publicly announced that they're going to do an add drop for people who are going
to stake with them and um uh so if you delegate your tokens with them if you stake their tokens with them not only do
they have the lowest commission rate like 5% like many other validators but they also have an add drop option so if
you click on state again it will basically lock your inj tokens into the staking now remember when you stake uh
there is a 21-day unbonding period bonded or it's basically logged into a 21-day locking so when you want to
actually unbond it and if you click on um unbond or if you click on unstake it'll take about 21 days for it to get
unbonded and unlocked for you for you to transact it here I'm just showing you that you can actually claim the rewards
this is another wallet where I have about you know almost on a uh one or two day basis I get about 1.5 in I can uh
click on this claim all and it it comes into my wallet within a few seconds within one or two seconds and once the
in I able to claim it I can again go to helix. app and I can convert this inj into usdt or another token and literally
I'm able to get US dollar or you get usdt out of this inj token which is basically a staking reward that I get on
a daily basis so either you can do that or you can keep accumulating this in and you can and you can withdraw it and you
can convert it at a later pointed time so hope that was a useful demo for you now um a few points to talk about
before we finish this video and the a lot of factors that we've not spoken about like for example um injective uh
unlike many other blockchains like ethereum um the the tokens are minted on a on a daily basis on a regular basis as
a men transaction happens because that is how the the transaction tokenomics work
um there's no finite number of tokens but uh there is also a weekly burn that is there in injective um which will
increase more and more as the ecosystem starts uh picking up with regards to more transaction so the more number of
transactions the more the injective uh ecosystem burn is going to be which means that at some point injective is
going to start becoming deflationary which means that the supply is going to start reducing which is also going to be
a key factor why the token price will increase there are a lot of nft projects like Talis Quan spb which all have free
tokens upcoming and Talis token has uh but when the point that I make this video it has already launched the point
that I made the video 3 weeks back it hadn't launched but Talis token had a tremendous impact on the injective
ecosystem which we'll talk about later in the next video basically so you can also access lot of pre-launch trade
features this is significant I mean you have we have never been able to access pre-launch trading for tokens as retail
investors um you know some of the the whales or some of the non- retail investors have the privilege where
they're able to buy tokens from exchanges before it gets listed but as retail we have never been able to trade
tokens before it get listed and that to on a decentralized order book injective is the first blockchain that has enabled
retail investors like us to to buy a token before the launch and uh we are now having the benefit of buying
into tokens even before like for example you're able to buy into a share before an IPO it's kind of similar to that
where you're able to do a pre-launch trade they only done it for two tokens so far the expectation is that they will
be able to do it for further tokens as well and some of the projects support injective via metamask so you can uh
take your Capal wallet and you can create a clone of your Capal wallet and metamask I done a small demo video in uh
my Twitter and posted how you can take a clone of your Kepler wallet into metamask by using the pass phrase and
you how you can connect to certain injector applications using metamask using the same kep wallet but using
metamask as an option and you can also participate in the lot of test Nets that are out there and you can lot of you can
participate in some of the test Nets I'll I'll list down some of the test Nets in my next video with maybe a few
demos also black panther walls helix uh LP boards and other D apps so there's so much to explore and what I'll do is
because of the time um because the length of the video I'll try and split it and I'll make another video where
I'll talk about with the demo of how to use black pan the walls how to use the uh trading Bots and some of the other D
applications and also some of the deset decentralized applications try and kind of you know pick some of the ones that
I'm actually using at this point and and show you a demo of it just to help you get on to it much faster but at the
moment I've kind of given you the direction of how you can take your funds into the injective blockchain how you
can start using injective blockchain as such so hope today's video was useful getting onto the injective blockchain
and understanding about the injective blockchain until next time thank you bye
Heads up!
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